MUMBAI, March 20 (Reuters) - STOCKS:
The benchmark BSE Sensex fell 360.95 points, or 0.62%,
to 57,628.95, while the broader NSE index lost 111.65
points, or 0.65%, to 16,988.4 dragged by financials, as
lingering worries of contagion risks in the global banking
system dented sentiment. RUPEE:
The Indian rupee weakened 0.10% versus the U.S. dollar,
and quoted at 82.63 per dollar as relief from the Credit Suisse
rescue deal proved to be short-lived, with investors dumping
risk assets on worries over a contagion in the global financial
sector. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.48
rupees, with yield down 1 bps at 7.3361%; vs previous close of
7.3511% mirroring their U.S. peers, while dipping odds of a rate
hike by the Federal Reserve also led to fresh position building. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
9 bps at 6.65%, while the benchmark five-year swap rate fell 9 bps to 6.21%.
CALL MONEY/REPOS:
India's overnight call money rate was up 15 bps at
6.20% against 6.05% in the previous session. The overnight TREPS
rate was at 6.40%, compared with the previous
day's weighted average of 6.4143%.
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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